Fabrinet (NYSE:FN) Shares Bought by Versor Investments LP

Versor Investments LP grew its position in Fabrinet (NYSE:FN - Free Report) by 118.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,374 shares of the technology company's stock after acquiring an additional 3,996 shares during the quarter. Versor Investments LP's holdings in Fabrinet were worth $1,744,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in FN. nVerses Capital LLC purchased a new position in Fabrinet during the 3rd quarter valued at $567,000. Pitcairn Co. bought a new position in shares of Fabrinet in the first quarter worth about $544,000. Seven Eight Capital LP bought a new position in shares of Fabrinet in the first quarter worth about $1,588,000. DekaBank Deutsche Girozentrale increased its stake in Fabrinet by 27.4% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 79,088 shares of the technology company's stock worth $15,036,000 after buying an additional 17,000 shares during the period. Finally, M&G Plc bought a new stake in Fabrinet during the 1st quarter valued at about $9,719,000. Institutional investors own 97.38% of the company's stock.

Fabrinet Stock Down 0.1 %

Shares of NYSE FN traded down $0.15 during trading hours on Monday, hitting $270.93. 611,296 shares of the stock were exchanged, compared to its average volume of 492,267. The company has a market cap of $9.83 billion, a PE ratio of 31.81 and a beta of 0.95. Fabrinet has a 12 month low of $159.30 and a 12 month high of $278.38. The firm has a fifty day moving average price of $239.49 and a 200-day moving average price of $233.66.

Fabrinet (NYSE:FN - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The technology company reported $2.39 EPS for the quarter, beating the consensus estimate of $2.38 by $0.01. Fabrinet had a return on equity of 18.08% and a net margin of 10.28%. The firm had revenue of $804.20 million during the quarter, compared to analyst estimates of $771.24 million. During the same quarter in the prior year, the business posted $1.78 EPS. The business's revenue for the quarter was up 17.3% compared to the same quarter last year. As a group, equities analysts anticipate that Fabrinet will post 9.11 earnings per share for the current fiscal year.

Insider Transactions at Fabrinet

In related news, CFO Csaba Sverha sold 100 shares of the company's stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $270.00, for a total value of $27,000.00. Following the sale, the chief financial officer now owns 19,347 shares in the company, valued at $5,223,690. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Csaba Sverha sold 100 shares of the firm's stock in a transaction on Monday, August 26th. The shares were sold at an average price of $270.00, for a total transaction of $27,000.00. Following the completion of the transaction, the chief financial officer now owns 19,347 shares of the company's stock, valued at $5,223,690. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Seamus Grady sold 26,650 shares of the business's stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $270.00, for a total transaction of $7,195,500.00. Following the transaction, the chief executive officer now owns 37,643 shares of the company's stock, valued at $10,163,610. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 44,728 shares of company stock worth $11,645,062. Insiders own 0.38% of the company's stock.

Analyst Ratings Changes

FN has been the topic of several research analyst reports. JPMorgan Chase & Co. increased their price objective on Fabrinet from $240.00 to $285.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 20th. Rosenblatt Securities raised their target price on shares of Fabrinet from $260.00 to $280.00 and gave the company a "buy" rating in a research report on Tuesday, August 20th. Needham & Company LLC initiated coverage on shares of Fabrinet in a research report on Tuesday, November 5th. They issued a "buy" rating and a $280.00 price target for the company. Finally, B. Riley dropped their price objective on shares of Fabrinet from $196.00 to $194.00 and set a "neutral" rating on the stock in a research note on Tuesday, November 5th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $248.17.

About Fabrinet

Fabrinet provides optical packaging and precision optical, electro-mechanical, and electronic manufacturing services in North America, the Asia-Pacific, and Europe. The company offers a range of advanced optical and electro-mechanical capabilities in the manufacturing process, including process design and engineering, supply chain management, manufacturing, printed circuit board assembly, advanced packaging, integration, final assembly, and testing.